REGISTERED NUMBER: 05300121 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GATEWAY SUPPORT AND CARE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Ms D Jenkins

Mr T R Owen

Mr P Owen

Miss R Bailey

SECRETARY:

Ms D Jenkins

REGISTERED OFFICE:

Newport Lorry Park

Albany Street

Newport

NP20 5NJ

REGISTERED NUMBER:

05300121 (England and Wales)

ACCOUNTANTS:

Sullivans Chartered Accountants

13-14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

FIXED ASSETS

Intangible assets

4

-

4,500

Property, plant and equipment

5

468,151

415,376

468,151

419,876

CURRENT ASSETS

Inventories

1,819

1,746

Debtors

6

195,075

189,890

Cash at bank

169,528

165,542

366,422

357,178

CREDITORS

Amounts falling due within one year

7

165,314

161,653

NET CURRENT ASSETS

201,108

195,525

TOTAL ASSETS LESS CURRENT LIABILITIES

669,259

615,401

CREDITORS

Amounts falling due after more than one year

8

(209,305

)

(216,751

)

PROVISIONS FOR LIABILITIES

(30,167

)

(14,612

)

NET ASSETS

429,787

384,038

CAPITAL AND RESERVES

Called up share capital

10

2,000

2,000

Revaluation reserve

11

500

500

Retained earnings

427,287

381,538

SHAREHOLDERS' FUNDS

429,787

384,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2025 and were signed on its behalf by:

Ms D Jenkins - Director

Mr T R Owen - Director

1.	STATUTORY INFORMATION

Gateway Support and Care Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents contracted fees raised to the NHS, local authorities and accrued income, excluding value added tax. Fees are raised 4-weekly or monthly for residential, complex and supported care services provided to its residents.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost-excluding land at 0%

Improvements to property

-

2% on cost-excluding land at 0%

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2024 - 48 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

90,000

AMORTISATION

At 1 April 2024

85,500

Charge for year

4,500

At 31 March 2025

90,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

4,500

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

301,096

164,098

465,194

Additions

-

88,291

88,291

At 31 March 2025

301,096

252,389

553,485

DEPRECIATION

At 1 April 2024

16,842

32,976

49,818

Charge for year

5,922

29,594

35,516

At 31 March 2025

22,764

62,570

85,334

NET BOOK VALUE

At 31 March 2025

278,332

189,819

468,151

At 31 March 2024

284,254

131,122

415,376

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

40,498

Additions

26,504

At 31 March 2025

67,002

DEPRECIATION

Charge for year

16,751

At 31 March 2025

16,751

NET BOOK VALUE

At 31 March 2025

50,251

At 31 March 2024

40,498

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

149,676

160,208

Other debtors

45,399

29,682

195,075

189,890

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

27,106

26,136

Hire purchase contracts

4,793

2,626

Trade creditors

16,626

9,561

Taxation and social security

80,340

100,932

Other creditors

36,449

22,398

165,314

161,653

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

163,679

190,785

Hire purchase contracts

45,626

25,966

209,305

216,751

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

45,556

76,542

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank loans

190,785

216,921

Hire purchase contracts

50,419

28,592

241,204

245,513

Hire purchase liabilities are secured against the assets to which they relate.

National Westminster Bank plc hold the following legal charges over the company assets:

- a debenture over the fixed and floating assets of the business.

- a legal mortgage charge over the freehold properties, fixtures & fittings and equipment of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

800

Ordinary A

£1

800

800

300

Ordinary B

£1

300

300

900

Ordinary C

£1

900

900

2,000

2,000

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

500

12.	OTHER FINANCIAL COMMITMENTS

The company has provided a guarantee of £575,463 for the bank debt of its associated company, Rosemonte Holdings Limited. This guarantee supports the continued provision of commercial properties by Rosemonte Holdings Limited that are used for the company’s trading operations